An Unpacked Legend of Zelda Game...
I'm pretty sure this means the opposite of what you think it means.
The problem is that there is quite a bit of suspicion that herritage members are the ones buying up these games to drum up interest in collectors to make them spend more money on wata graded games.
These stories pop up in media like clockwork every few months.
You need to be that rich and at the same time that stupid to buy such a game at that price...
Yep, and its a similar thing with these high-value NFTs you hear about. One "collector" buys an NFT from another for a huge sum, then that one does the same from the first, so they are really just working together and shifting money back and forth in an attempt to convince outside collectors that there's an actual market for these things.
Considering this variant was only produced for a few months in late 1987 before it was ultimately replaced by the "Rev-A" variant in early 1988, this statement likely comes as no surprise to collectors.
How many game cartridges can a factory produce in a "few months"? >_>
I don't see the appeal in the item itself, but I suspect whoever bought this for $870k will be able to sell it for a lot more in the future, and make a very easy profit.
I suspect that's the appeal if you have the capital.
That shouldn't be assumed. The value of a collectible has the potential to fall over time. Especially since this is a mass-produced item and it's very possible that other sealed copies exist, possibly in better condition. Maybe even cases full of them. And of course, even if NES games manage to become popular among a generation of collectors who grew up with them, that may not be the case decades down the line, with people who grew up playing games on newer devices. And that's assuming someone even "bought" the game for this price. As previously pointed out, it's very possible that it was auctioned off to someone working with the seller to artificially inflate the actual value a collector might be willing to pay for items like this.
People who buy artworks are supporting, directly or indirectly, artists who create them. Spending large sum of money on arbitrarily defined rare items is plain dumb.
Most of the high value art is priced high because the artist is already dead though. And often the artist never made much money off their works while they were alive. Though collectibles like paintings are at least one-of-a-kind productions, not something that was mass-produced and only holds value due to its box being unopened, or some other arbitrary criteria. The Legend of Zelda is held in high regard due to it being an innovative game for its time, not because the cartridge itself looked nice in its shrink-wrapped box.
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